{"id":22860,"date":"2013-09-30T11:05:15","date_gmt":"2013-09-30T11:05:15","guid":{"rendered":"http:\/\/gaming-awards.com\/NEWS\/?p=22860"},"modified":"2013-09-30T11:05:15","modified_gmt":"2013-09-30T11:05:15","slug":"ceo-of-ladbrokes-on-shaky-ground","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/ceo-of-ladbrokes-on-shaky-ground\/","title":{"rendered":"CEO of Ladbrokes on shaky ground?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-22830\" style=\"width: 206px; height: 208px;\" alt=\"Ladbrokes\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2013\/09\/Ladbrokes.jpg\" width=\"260\" height=\"240\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2013\/09\/Ladbrokes.jpg 260w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2013\/09\/Ladbrokes-250x230.jpg 250w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2013\/09\/Ladbrokes-130x120.jpg 130w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/>\u00a0<span style=\"font-family: Calibri; font-size: medium;\">Following the news last week from Ladbrokes of their full year profits warning, rumours were circulating over the weekend that the second largest UK bookmaker may be parting ways with their CEO.<\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: medium;\">Richard Glynn was reported to be under pressure from the Ladbrokes board following last week\u2019s forecast that results for the year would be considerably lower than forecasted. Indeed the warning on results is the second revised estimate from the company in 3 months.<\/span><\/p>\n<p><span style=\"font-family: Calibri;\"><span style=\"font-size: medium;\">The news triggered a drop of over 8% on shares in the company, with Chairman Peter Erskine saying <\/span><span style=\"font-size: medium;\">\u00a0<\/span><span style=\"font-size: medium;\">\u201cinvestors were not thrilled with the news but had been supportive.\u201d That normally means there is trouble ahead for someone in the company.<\/span><\/span><\/p>\n<p><span style=\"font-family: Calibri;\"><span style=\"font-size: medium;\">To increase speculation that Richard Glynn is on borrowed time the chairman continued, <\/span><span style=\"font-size: medium;\">\u201cWe remain fully confident in this management team.\u201d If that was a football club the manager would already be packing his bags ready for the bullet.<\/span><\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: medium;\">The main trouble for Ladbrokes is their online business that is trailing badly behind main rival and the UKs number one bookie\u00a0William Hill.<\/span><\/p>\n<p><span style=\"font-family: Calibri;\"><span style=\"font-size: medium;\">Mr Erskine said <\/span><span style=\"font-size: medium;\">\u2018While we are disappointed that the digital results are still not where we anticipated they would be, the board believes the strategy is the right one and that the actions taken to date, along with those planned for the coming months, will drive the long-term success of the business.\u2019 <\/span><\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: medium;\">There are those analysts that believe Mr Glynn will be given more time in his role to turn around the companies online and land based business. Next year is the football world cup and the company believes by then their fortunes will turn around.<\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: medium;\">Recently Richard Glynn said to the Mail newspaper, \u201c\u2018I\u2019m a big boy,\u2019 he told the newspaper in a recent interview. \u2018Big enough to accept as chief executive where that leaves me.\u2019 <\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: medium;\">The pressure is on the CEO of Ladbrokes, will he last till the world cup in 2014, many believe his odds are evens at best.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Following the news last week from Ladbrokes of their full year profits warning, rumours were circulating over the weekend that the second largest UK bookmaker may be parting ways with their CEO. Richard Glynn was reported to be under pressure from the Ladbrokes board following last week\u2019s forecast that results for the year would be [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":22863,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,11,3,8],"tags":[],"class_list":["post-22860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","category-headlines","category-igaming","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CEO of Ladbrokes on shaky ground? - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/ceo-of-ladbrokes-on-shaky-ground\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEO of Ladbrokes on shaky ground? - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"\u00a0Following the news last week from Ladbrokes of their full year profits warning, rumours were circulating over the weekend that the second largest UK bookmaker may be parting ways with their CEO. 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